Future Financial Planning, the personal financial planning arm of ‘Amwal’ has recently signed an agreement with ‘Nasser Bin Khaled Al Thani & Sons Holding Group’ – NBKS, the leading Qatari business group, to provide a full range of Top-Class international medical insurance coverage for NBKS’ board members and senior management. Based on this agreement, ‘Amwal’ will provide comprehensive worldwide health insurance to nearly 200 senior executives and their dependents.
During the signing ceremony, Dr. Shaukat Chandna, Director of Future Financial Planning, Amwal, articulated the importance of medical and health insurance in the workplace. “We, at ‘Future Financial Planning’, view health and medical insurance as not only a necessity but also as the right of every individual in society to quality care. As long as individuals can be made to feel secure in their work environment by their respective employers, they will continue to work diligently and in a motivated manner. It is a win-win situation for every one concerned. The fact that a highly respected and prestigious Qatari corporate name like NBKS Holding Group has initiated such a move within their organization speaks volumes for the care and concern they hold for the well being of their team”.
Dr. Chandna also stressed that understanding medical and health insurance is a complex process involving collecting, collating, validating and managing risk-related medical information. “Immersed in the complexities of life and business, corporate managers simply do not have the time to devote to these challenges. They look to professionals to whom they can delegate this responsibility. We have a team of well-trained and dedicated professionals who carry out extensive needs analysis and market research before they recommend and especially tailor-made program to any individual or organization. Our consultants resolve to strike a balance between benefits offered and the cost of these benefits to the clients,” Dr. Shaukat further added.
From his side, Hussain Al-Siddiqi, COO of NBKS Holding, expressed his viewpoints on medical and health insurance as well as his satisfaction with the recommendations of Future Financial Planning, Amwal: “NBKS believe strongly in the old adage: take care of your employees and your business will take care of itself. Therefore, it was important to begin the process of having a comprehensive medical and health insurance program on board. We have started the process with our senior management and in the next phase we hope to extend appropriate coverage at all levels across the organization”.
“We are satisfied with our relationship with ‘Future Financial Planning’, Amwal, because all our queries were addressed with utmost simplicity and transparency. Our concerns were listened to, analyzed and due attention paid to ensuring the incorporation of our needs. As a result, the programme that is now in place is not only comprehensive and meets our needs today, but also flexible enough to take care of our changing needs and requirements in future,” Mr. Al-Siddiqi explained.
Emphasizing the challenges of ‘getting it right’, Leila Badine, Senior Financial Sales Consultant of Future Financial Planning, Amwal, who worked on this project, said: “We contacted several of our strategic alliance partners who have a solid reputation for high quality medical insurance products as well as first class administrative and technical support and we worked closely with NBKS team until the final recommendation were in place. We are pleased to be able to meet the exact needs of NBKS.”
Amwal has established Future Financial Planning division with a strong team of qualified investment advisors in Qatar. Dealing with some of the best global investment and insurance companies and banks. The list of services is extensive and ranges from education fees planning and other regular savings schemes to trusts and tax planning and portfolio advice.
###
Amwal, formerly known as “Qatar Ladies Investment Company”, was incorporated in April 1998 as a Qatari shareholding closed company and was the first investment company to be licensed and regulated by Qatar Central Bank. Amwal’s services are extensive and range from education fees planning and other regular savings schemes to trusts and tax planning and portfolio advice. It aims to provides its clients with investment banking, asset management and corporate services with a priority in investing with safe, solid companies that are rated ‘A’ or better by Standard & Poor’s. It provides consistent excellence through the integration of people, technology and business systems.
